Standpoint Research Starts DeVry (DV) at Buy; Market Overreaction

Standpoint Research initiates coverage on DeVry (NYSE: DV) with a Buy. PT $45.00.

Analyst, Ronnie Moas, said, "DV passes our fundamental and subjective overlays. We may be a little bit early here, but as we see with the homebuilders (up 50% in the last six months), share prices move before fundamentals do. DV is the best risk-adjusted name in this out-of-favor for-profit education industry. In fact, DV is the best performing stock on the five-year chart versus its competitors at +28%."

"DV management is cutting costs, buying back shares and growing overseas in order to offset weakness at Carrington and DeVry. Plans are to open nine new campuses this year. DV ahas $300 mln and no debt. The shares are trading at or near the bottom of their historical trading range."

For an analyst ratings summary and ratings history on DeVry click here. For more ratings news on DeVry click here.

Shares of DeVry closed at $35.28 yesterday.

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